Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Optelecom-NKF, Inc. (the "Company") and James Armstrong, Executive Vice
President Federal Systems/Business Development and Corporate Secretary of the
Company, have agreed that Mr. Armstrong's employment with the Company will
terminate on December 31, 2008. This change is being effected in connection
with a restructuring of the Company's operations and Mr. Armstrong's desire to
pursue other professional opportunities. Mr. Armstrong will receive severance
of $190,000, or one year of base salary, and continuation of health insurance
coverage for one year, consistent with his employment agreement with the
Company, subject to entering into a general release with the Company.
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